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Sibley's Consolidated Property Tax Rate Tops Most in Region

For fiscal year 2007-08 Sibley's consolidated (city, county, school) property tax rate is the second highest in this region of Iowa. This rate is applied to the assessed value of your home times the state authorized percent rollback and then divided by $1,000. To review the tax rates for each municipality in Iowa click here. Something rarely mentioned by economic development promoters is that high property taxes often contribute to driving people and businesses out of communities. Consider how many current and past Sibley professionals have moved to the Lakes. The local taxing bodies need to take a serious look at reducing expenses to promote real economic development.